2,459 Shares in AppLovin Corporation $APP Purchased by Motiv8 Investments LLC

Motiv8 Investments LLC acquired a new position in AppLovin Corporation (NASDAQ:APP) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,459 shares of the company’s stock, valued at approximately $1,657,000.

Several other large investors also recently bought and sold shares of APP. Vanguard Group Inc. grew its stake in shares of AppLovin by 39.4% during the 3rd quarter. Vanguard Group Inc. now owns 24,954,458 shares of the company’s stock valued at $17,930,776,000 after purchasing an additional 7,051,663 shares during the period. State Street Corp lifted its stake in shares of AppLovin by 111.1% in the 3rd quarter. State Street Corp now owns 11,852,466 shares of the company’s stock worth $8,516,471,000 after purchasing an additional 6,237,051 shares during the period. Norges Bank bought a new position in shares of AppLovin in the 4th quarter worth approximately $2,040,321,000. Capital Research Global Investors bought a new position in shares of AppLovin in the 3rd quarter worth approximately $743,899,000. Finally, Northern Trust Corp lifted its stake in shares of AppLovin by 46.8% in the 3rd quarter. Northern Trust Corp now owns 2,374,460 shares of the company’s stock worth $1,706,144,000 after purchasing an additional 756,660 shares during the period. 41.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Arash Adam Foroughi sold 33,042 shares of AppLovin stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $486.95, for a total transaction of $16,089,801.90. Following the transaction, the chief executive officer directly owned 2,369,351 shares of the company’s stock, valued at $1,153,755,469.45. The trade was a 1.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Vasily Shikin sold 62,804 shares of AppLovin stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $484.42, for a total value of $30,423,513.68. Following the transaction, the chief technology officer directly owned 3,189,739 shares in the company, valued at approximately $1,545,173,366.38. The trade was a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 226,014 shares of company stock valued at $113,073,400 in the last 90 days. Corporate insiders own 13.66% of the company’s stock.

AppLovin Price Performance

APP stock opened at $496.77 on Monday. AppLovin Corporation has a twelve month low of $320.00 and a twelve month high of $745.61. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 1.49. The stock has a market cap of $166.88 billion, a P/E ratio of 42.68, a PEG ratio of 0.81 and a beta of 2.45. The business’s 50-day moving average price is $482.88 and its 200-day moving average price is $520.57.

AppLovin (NASDAQ:APP) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.12. AppLovin had a return on equity of 219.37% and a net margin of 64.29%.The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the previous year, the firm earned $1.67 EPS. The business’s quarterly revenue was up 58.9% on a year-over-year basis. On average, equities research analysts forecast that AppLovin Corporation will post 15.86 EPS for the current year.

Analyst Upgrades and Downgrades

APP has been the topic of several recent research reports. Arete Research set a $340.00 price objective on shares of AppLovin and gave the stock a “neutral” rating in a research note on Monday, March 2nd. Morgan Stanley reiterated an “overweight” rating on shares of AppLovin in a research note on Wednesday, May 27th. Benchmark reiterated a “buy” rating on shares of AppLovin in a research note on Wednesday. Piper Sandler reiterated an “overweight” rating on shares of AppLovin in a research note on Tuesday, June 9th. Finally, KeyCorp set a $775.00 price objective on shares of AppLovin in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $669.62.

AppLovin News Summary

Here are the key news stories impacting AppLovin this week:

• Negative Sentiment: CEO Arash Adam Foroughi sold additional AppLovin shares on June 10, 11, and 12, including several transactions worth millions of dollars, which may pressure investor confidence in the near term. SEC filing
• Neutral Sentiment: Recent commentary from analysts and financial media remained constructive overall, with one piece arguing AppLovin’s selloff looks detached from fundamentals and highlighting strong Q1 revenue, EBITDA, and free cash flow growth. Article
• Neutral Sentiment: Separately, coverage noted that brokers still generally view AppLovin as an attractive stock, though these recommendations are often considered lagging indicators and may not move the shares much on their own. Article

AppLovin Company Profile

AppLovin Corporation is a Palo Alto–based mobile technology company that provides software and services to help app developers grow and monetize their businesses. The company operates a data-driven advertising and marketing platform that connects app publishers and advertisers, delivering tools for user acquisition, monetization, analytics and creative optimization. AppLovin’s technology is integrated into a broad set of mobile applications through software development kits (SDKs) and ad products designed to maximize revenue and engagement for developers.

Key components of AppLovin’s offering include an ad mediation and exchange platform that enables publishers to manage and monetize inventory across multiple demand sources, and a user-acquisition platform that helps advertisers target and scale campaigns.